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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UNF
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Unifirst Corporation stock price ended at $159.60 on Friday, after gaining 1.60%.
(Updated on May 03, 2024)

Sell candidate since Apr 30, 2024 Loss -0.33% PDF

The Unifirst Corporation stock price gained 1.60% on the last trading day (Friday, 3rd May 2024), rising from $157.08 to $159.60. During the last trading day the stock fluctuated 1.96% from a day low at $157.47 to a day high of $160.56. The price has been going up and down for this period, and there has been a 0.69% gain for the last 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 57 thousand shares were bought and sold for approximately $9.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.66% during the next 3 months and, with a 90% probability hold a price between $143.53 and $157.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UNF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unifirst Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $161.33 and $164.48. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Unifirst Corporation stock

Unifirst Corporation finds support from accumulated volume at $158.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.09 (1.96%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UNF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Unifirst Corporation to open at $159.21, and during the day (based on 14 day Average True Range), to move between $156.03 and $163.17, which gives a possible trading interval of +/-$3.57 (+/-2.24%) up or down from last closing price. If Unifirst Corporation takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $158.51 (0.68%) than the resistance at $170.05 (6.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Unifirst Corporation stock A Buy?

Unifirst Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.408 Sell Candidate Unchanged

Predicted Opening Price for Unifirst Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$159.21 ( 0.244%) $159.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UNF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.30 1.69 %
R2 161.12 0.95 %
R1 160.39 0.495 %
Current price: 159.60
Support S1 158.03 -0.98 %
S2 157.30 -1.44 %
S3 156.12 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 173.43 8.67 %
R2 172.07 7.81 %
R1 170.05 6.55 %
Current price 159.60
Support S1 158.51 -0.683%
S2 157.08 -1.58%
S3 155.91 -2.31%

UNF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 07, 2024 Jun 07, 2024 Jun 28, 2024 $0.330 0.207%
2 Mar 07, 2024 Mar 07, 2024 Mar 29, 2024 $0.330 0.190%
3 Oct 24, 2023 Dec 06, 2023 Jan 04, 2024 $0.330 0.202%
4 Jul 11, 2023 Sep 06, 2023 Sep 28, 2023 $0.310 0.188%
5 Apr 04, 2023 Jun 07, 2023 Jun 29, 2023 $0.310 0.198%

FAQ

What is the symbol for Unifirst Corporation Stock and on which exchange is it traded?
The symbol for Unifirst Corporation is UNF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Unifirst Corporation Stock?
Unifirst Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Unifirst Corporation Stock?
Unifirst Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Unifirst Corporation Stock.

What's the current price of Unifirst Corporation Stock?
As of the end of day on the May 03, 2024, the price of an Unifirst Corporation (UNF) share was $159.60.

What is the 52-week high and low for Unifirst Corporation Stock?
The 52-week high for Unifirst Corporation Stock is $394.70 and the 52-week low is $202.80.

What is the market capitalization of Unifirst Corporation Stock?
As of the May 03, 2024, the market capitalization of Unifirst Corporation is 2.863B.

When is the next earnings date for Unifirst Corporation?
The upcoming earnings date for Unifirst Corporation is Jun 26, 2024.
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About Unifirst Corporation

Unifirst UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, sm... UNF Profile

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